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The Department of Commerce awarded SandboxAQ $500 million under the CHIPS Act to develop new chip materials. The government takes a minority, non-voting equity stake and future royalties. SandboxAQ will target PFAS substitutes, catalysts, rare-earth-free magnets, and lithium-free batteries. No new materials exist yet.

The US government awarded $500 million under the CHIPS Act to SandboxAQ. The company will use AI to develop new chemicals and materials for domestic semiconductor manufacturing. The grant aims to strengthen the US semiconductor supply chain.
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